Though many of Bankman-Fried’s and FTX's donations to Democrats were noted with the Federal Election Commission as part of the public record, the former CEOimplied in a December interviewthat Republicans had received roughly the same amount in “dark” donations. North Dakota Sen...
Prosecutors said Bankman-Fried stole billions of dollars in FTX customer deposits to support the operations and investments of FTX and Alameda and to fund speculative venture investments, make charitable donations and spend tens of millions of dollars on illegal campaign donatio...
In keeping with his previous commitment to effective altruism, he also established himself as a prolific philanthropist and political donor. Among a slew of donations made primarily to Democrats, Bankman-Fried gave $5.2 million in support of Joe Biden's 2020 presidential bid, making him the campai...
According to the indictment, Bankman-Fried stole $8 billion from FTX investors and customers and used it to pay debts and expenses of Alameda Research, his privately held hedge fund. He also used the money to purchase lavish real estate and make political donations t...
turn of events for Bankman-Fried, who was hailed as somewhat of a savior earlier this year when he helped shore up a number of cryptocurrency companies that ran into financial trouble. He was recently estimated to be worth $23 billion and has been a prominent political donor to Democrats. ...
The funds amassed at Alameda were allegedly used to make undisclosed venture investments, lavish property purchases, and large political donations. Founder built a 'house of cards on a foundation of deception' "We allege that Sam Bankman-Fried built a...
A month later,Bankman-Fried was arrestedin the Bahamas and extradited to New York to face federal charges that he had fraudulently used customer deposits to finance billions of dollars of venture capital investments, real estate purchases, andpolitical donations… ...
will likely become the chairman. The Crypto Innovation PAC, which is financed in part by a separate group that saw millions in donations from Bankman-Fried, backed McHenry's successful 2022 reelection campaign. The FTX CEO donated more than $30 milliontoward...
So what happens to the friends Bankman-Fried was making in DC, the legislation he was backing, and all the people who took his campaign donations? Sam Bankman-Fried really loved risk One thing that appears true throughout Bankman-Fried’s short, steep climb to power was that he ha...
“House Democrats are committed to preserving the integrity of our democracy and fairness in our campaign finance system,” said the spokesman, Chris Taylor. There’s growing scrutiny on campaign donations that Bankman-Fried showered on individual lawmakers, campaign committees and super PACs since FT...